TABLE OF CONTENTS

TABLE OF CONTENTS

ABOUT DHAMANMessage from the Director-General

Who We Are

Member Countries and Shareholdings

Vision, Mission and Objectives

Corporate Governance Principles

Milestones

Eligibility Criteria

Added Value

Corporate Philosophy

DHAMAN PRODUCTS & SERVICESInsurance Solutions and Covered Risks

Products

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ABOUT THE ARAB INVESTMENT & EXPORT CREDIT GUARANTEE CORPORATION (DHAMAN)

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ABOUT DHAMAN

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ABOUT DHAMAN

Message from the Director-GeneralInternational Trade and Foreign Direct Investments (FDI’s) play an immense role in developing global economies, hence become subjected to various transactional and cross-border risks associated with the degree of political and economic conditions prevailing in any part of the world.

As we live in quite a vibrant region, with most Arab countries being developing economies and have been experiencing challenging conditions, both politically as well as economically, The Arab Investment and Export Credit Guarantee Corporation “DHAMAN”, has accordingly been entrusted with a mission to support the economic and social development of the region, hence to provide the necessary risk mitigation tools to facilitate the inflow of relevant investments and trade activities.

Since inception, DHAMAN has been promoting Arab & Foreign Capital to flow into Arab countries and supporting Arab-International trade activities. It has guaranteed multi-billion-dollar worth of Arab and foreign investments against non-commercial risks as well as three folds that level insuring Arab-International trade against both commercial and non-commercial risks.

Accumulating regional operational experience since 1974 have shaped DHAMAN status as a highly reputed regional organization in investment guarantee and credit insurance, with solid domestic and international customer base of financial institutions, investors and exporters. DHAMAN has also successfully built a network of reinsurance support, Export Credit Agencies and other regional and international multilateral institutions. Moreover, became a prominent name with the Lloyds registered credit insurance brokers.

We are yet to launch new successes in the years to come, to align ourselves with the constant developments in operational environment of international markets, with a firm commitment to better serving our region.

Abdullah A. Alsabeeh

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ABOUT DHAMAN

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ABOUT DHAMAN

Who We AreThe Arab Investment & Export Credit Guarantee Corporation (DHAMAN) is a pioneer multilateral development organization, based in Kuwait. DHAMAN was established in 1974, as the first multilateral investment guarantee provider in the world, later developed to incorporate export credit insurance services for both exporters as well as financial institutions.

Its current shareholding structure includes all the Arab States and 4 Arab multilateral financial institutions.

We have been proudly earning a ‘AA-’ level rating by Standard & Poor’s Global Ratings since 2008, reflecting our very strong enterprise risk profile, very robust capital, exceptional liquidity position, and strong governance model marked with stable and supportive relationship with Member States, with preferred creditor status.

AA- RATING SINCE 2008

ESTABLISHED IN

1974

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ABOUT DHAMAN

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ABOUT DHAMAN

Member Countries and ShareholdingsDHAMAN is 100% owned by 21 Arab countries, 58% directly and 42% indirectly through 4 multilateral financial institutions themselves owned by the Arab countries.

Shareholders' Capital Contribution 31/12/2019

A. Member States:

1 Kingdom of Saudi Arabia 9.45% 2 State of Kuwait 8.22% 3 State of Libya 7.39% 4 State of United Arab Emirates 7.15% 5 State of Qatar 6.57% 6 Kingdom of Morocco 3.29% 7 Arab Republic of Egypt 2.06%

8 People’s Democratic Republic of Algeria 2.06%

9 Republic of Tunisia 2.06% 10 Republic of Sudan 2.01% 11 Sultanate of Oman 1. 23% 12 Republic of Yemen 1.10% 13 Hashemite Kingdom of Jordan 0.86% 14 Kingdom of Bahrain 0.82% 15 Republic of Iraq 0.82% 16 State of Palestine 0.82% 17 Republic of Lebanon 0.82% 18 Islamic Republic of Mauritania 0.82% 19 Syrian Arab Republic 0.55% 20 Republic of Djibouti 0.22% 21 Federal Republic of Somalia 0.06%

Total Member States 58.39%

B. Arab Financial Institutions

Total Arab Financial Institutions 41.61%

Grand Total

1 Arab Fund for Economic and Social Development 20.86% 2 Arab Monetary Fund 11.14%

3 Arab Bank for Economic Development in Africa “BADEA” 8.41%

4 Arab Authority for Agricultural Investment and Development 1.20%

100.00%

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ABOUT DHAMAN

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ABOUT DHAMAN

Vision, Mission and ObjectivesVision

Promoting Arab economic integration in order to reach sustainable development of the state members.

Mission

Supporting economic development of member states through the investment and trade sectors by facilitating the flow of direct Arab and foreign investments into & inter member states and supporting Arab international trade activities aiming at developing infrastructure, industrial & agricultural development as well as food/nutrition security.

Objectives

DHAMAN’s objectives consist in promoting the flow of direct Arab and foreign investments into Arab countries as well as encouraging Arab exports and imports of strategic nature. These objectives are achieved through the Direct investment guarantee and Export credit insurance programs in addition to the development of research related to the identification of investment opportunities and conditions in Arab countries.

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ABOUT DHAMAN

Corporate Governance Principles

Balanced Quantitative and Qualitative

objectives.

Segregation of duties with well-defined roles and

responsibilities.

Business decision-making process entrusted with executive management.

Equal concern, accountability and transparency applicable on

all stakeholders.

Emphasize integrity and ethical approach to the

markets we serve.

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ABOUT DHAMAN

Milestones

1974Establishment of DHAMAN as “Inter-Arab Guarantee Corporation” as the first multilateral investment guarantee provider in the world.

1986Commencement of insurance cover for inter-Arab trade against Commercial & Non-Commercial Risks.

2001Expanding trade insurance cover to Arab exports to the rest of the World.

2007Launching of DHAMAN’s 7-year strategy, changing DHAMAN’s profile & original name, expanding product range & scope of cover and a shift to international recognition.

1975Commencement of guarantee activities for inter-Arab investments against Non-Commercial Risks.

2000Launching of capital injections associated with a new strategic plan.

2006Launching of the Confirmed Documentary Credit Insurance Policy.

2008Obtaining our first rating ever by S&P at “AA- Stable outlook”.

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ABOUT DHAMAN

2009Expanding the scope of Investment Guarantee cover to incorporate Non-Commercial risk for existing investments & foreign Investments in Arab countries.

2010Launching of the factoring insurance policy covering credit & political risks.

2013Second capital increase, both discretionary and mandatory injections.

2018Launching of the Master Trade Finance Insurance Policy for Financial Institutions.

2009Launching of “AMAN UNION» encompassing Arab and Islamic credit insurance agencies.

2009Extending insurance cover against Commercial & Non-commercial risks in favour of foreign suppliers of equipment and strategic goods & commodities exported to Arab countries.

2011Launching of Domestic Sales insurance against credit risks only.

2016Launching of the non-honoring of sovereign financial obligations insurance policy.

2019S&P reaffirms

DHAMAN’s “AA- Stable outlook” rating for the

twelfth consecutive year.

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ABOUT DHAMAN

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ABOUT DHAMAN

Eligibility CriteriaEligibility Criteria under Investment Insurance Scheme

• Investment in an Arab Country.• Arab and non-Arab investors are eligible for the cover.• Arab expatriates investing in their home countries.• Direct and indirect investments in greenfield or brownfield projects.

Eligibility Criteria under Export Credit Insurance Scheme

• Goods of Arab origin exported to any part of the World.• Goods of non-Arab origin exported to Arab countries, provided that they are

developmentally sound and classified as strategic in nature.

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Added Value

Strong Position in Arab Markets Capacity Building

Highly professional staff with extensive and specialized expertise in their field of activity.

Strong and permanent reinsurance support from the market.

Strong S&P rating.

Strong international network.

Accumulated operational experience since 1974 in the Arab region.

Long lasting capital support from member countries mainly GCC countries (High Credit Rating).

Preferred Creditor Status.

Access to decision makers and information sources.

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ABOUT DHAMAN

Corporate Philosophy• Creating long term partnerships with our counterparts.

• Employing our technical expertise and regional experience and networks.

• Maximizing our available financial resources.

• Assisting our clients to overcome financial, operational, and political challenges in the course of doing business in the Arab World.

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EXECUTIVE MANAGEMENT2121

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Insurance Solutions and Covered RisksInsurance Solutions

Investment Insurance Scheme: Through this program, DHAMAN provides protection against non-commercial risks for Arab and foreign investments in the Arab countries.

Export Credit Insurance Scheme for Exporters and Financial Institutions: DHAMAN provides insurance for Arab and international trade operations against commercial and non-commercial risks.

Covered RisksCommercial Risks:

• Insolvency.• Protracted default.

Non-Commercial Risks: • Confiscation, Nationalization & Expropriation.• War & Civil Disturbances.• Currency Inconvertibility & Transfer Restrictions. • Public and governmental Entities default of payment.• Measures taken by the authorities of the Obligor’s country preventing the insured from exercising

its rights.

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ProductsInvestment Insurance Scheme

• Direct Investment Insurance Policy (Equity Investments).• Loan Insurance Policy (Project Financing).• Leasing Insurance Policy.• Mobile Assets Insurance Policy (Contractors Equipment).• Non-Honoring of Sovereign Financial Obligations Insurance Policy.

Export Credit Insurance Scheme Serving Exporters & Financial Institutions

• Comprehensive Short Term Policy.• Specific Export Credit Insurance Policy.• Unconfirmed Documentary Credit Insurance Policy.• Factoring Insurance Policy.• Buyer’s Credit Insurance Policy.• Master Trade Finance Insurance Policy for Financial Institutions.

DHAMAN PRODUCTS & SERVICES

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